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CHINA: Joint venture construction plans for proposed $2,910,000,000 build-operate (BO) nuclear power plant, GUANGDONG NUCLEAR POWER INVESTMENT CO. & DATANG INTERNATIONAL POWER GENERATION CO. [China] Project #: 032206.
WWP-Business Opportunities in Asia & the Pacific, March, 2006
PROJECT OVERVIEW:
China's state-controlled power producers are interested in investing in nuclear projects since the government is promoting the use of alternative fuels to lower reliance on coal in power generation. As a result a Chinese joint venture, operating under the name of NINGDE NUCLEAR POWER CO., was recently established in view of building a new nuclear power plant in the country. The partners in the planned undertaking and their respective shareholdings include GUANGDONG NUCLEAR POWER INVESTMENT CO. (51%) and DATANG INTERNATIONAL POWER GENERATION CO. (49%).
As things currently stand, the project is still pending state approval. In any case, the new power station is to be sited in Ningde city in Fujian province. The planned complex...
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